The current version of the Dodge Grand Caravan has been around since the 2008 model year, but thanks to continuous improvements it remains a solid value. In fact, "value" is the key term here, as the Grand Caravan is the lowest priced minivan available by several thousand dollars, which is one of the reasons it earns the top spot in our 5-Year Cost to Own rankings.
Along with its low price, the Grand Caravan offers up good resale value, as well as competitive fuel economy, both key to achieving good long-term cost of ownership. But beyond number crunching, there are other things to consider. For example, if you measure your vehicle's worth by the amount of stuff you can get for your dollar, then you'll be pleased with what the Grand Caravan offers. There's comfortable seating for seven and tons of usable cargo room thanks to the Grand Caravan's Stow 'n Go seating, which folds the two middle row seats into the floor. You can even add Bluetooth, an upgraded audio system and a dual-screen Blu-ray/DVD entertainment system and still keep the price right around $32,000.
The Grand Caravan also puts you in the driver's seat of the most powerful minivan on the market, thanks to its 283-horsepower 3.6-liter Pentastar V6 engine. However, fuel economy remains as good as vans with notably less power, meaning you don't make much of a sacrifice for the added oomph. Power is routed to the front wheels through a 6-speed automatic transmission.
With the Grand Caravan's sister, the Chrysler Town & Country, slated for replacement by the just-introduced Chrysler Pacifica, we don't know this van's long-term fate. But we do know it'll remain an excellent long-term cost value.